Copper Prices Slide Sideways As Bulls And Bears Battle It Out ...Middle East

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Copper Prices Slide Sideways As Bulls And Bears Battle It Out
In the lead-up to August, copper prices saw notable increases. There were also several bullish indicators of note, including higher short-term highs. In short: after months of declines, prices ended up moving sideways. Yet despite this bullish price action, the macro trend still remains bearish, leaving the current market direction unclear. Unemployment Rate Falls to 3.5% The growing prospect of a global economic slowdown weighed heavily on commodity prices these past few months. Before the recent base metal price consolidation, which included…

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